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Thursday, July 09, 2009

 
Gone With The Wind

T. Boone Pickens' wind farm project is toast:

Pickens said the wind farm project was scuttled partly because of the lack of adequate transmission lines to carry the electricity from remote locations to cities, according to the paper.

The oil tycoon had hoped to build new transmission lines but could not secure financing, the paper said.

Maybe the financiers know somethign about the long-term prospects of such an undertaking than Pickens does.

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